Landsbankinn: Chooses Salt Edge to become PSD2 compliant
- Landsbankinn offers a full range of financial services and is the market leader in the Icelandic financial service sector
- Salt Edge is a financial API platform with PSD2 and open banking solutions
- Joined forces with Salt Edge, a pioneer in open banking, to comply with Icelandic law on the PSD2 legislation
- The new Act on Payment Services, which transposes the European PSD2 into Icelandic law, entered into force on November 1, 2021
- Once the regulation accompanying the Act is fully implemented, banks and fintech will get authorized access to customer
- The Act enhances competition and consumer protection in financial markets and supports innovation in the payment market
